Filing Flows › Barrett Business Services (BBSI) › Q2 2026
Barrett Business Services (BBSI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Barrett Business Services (BBSI) reported revenue of $319M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +4% from the quarter before. Operating margin was 4.8%, net earnings $12.9M (4.0% of revenue).
Barrett Business Services, Q2 2026: revenue $319M (+4% year over year), operating margin 4.8%, net earnings $12.9M, operating cash flow −$55.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | +4% | +4% |
| Gross profit | $64.9M | +50% | -11% |
| Operating profit | $15.4M | — | -33% |
| Net earnings | $12.9M | — | -30% |
| Operating cash flow | −$55.9M | — | — |
What changed
Revenue was $319.3M in Q2 2026, up 4% year over year and up 4% from the previous quarter. Professional Employer Services was the largest line at 96% of revenue. Professional Employer Services added $14.8M year over year (up 5%), 127% of the total change. Staffing Services declined 18%.
Gross margin was 20.3%, down 3.5 points from Q2 2025. Operating profit was $15.4M, a 4.8% margin (down 2.7 points year over year). Operating profit fell $7.6M even though revenue rose $11.6M versus Q2 2025, so costs grew faster than sales. Operating expenses fell 2% while revenue rose 4%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $12.9M, down 30% year over year. The effective tax rate was 25.7%.
Operating cash flow was −$55.9M. Non-cash charges added back $2.3M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $73.4M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$61.4M.
Questions
What was Barrett Business Services' revenue in the second quarter 2026?
Barrett Business Services (BBSI) reported revenue of $319M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +4% from the quarter before.
Was Barrett Business Services profitable in the second quarter 2026?
Operating profit was $15.4M (4.8% of revenue) and net earnings $12.9M.